Here are the deductions at source rates for 2012 and 2011 for Employment Insurance, Quebec Parental Insurance Plan, Quebec Pension Plan, Quebec Health Services Fund and Commission des normes du travail. These rates will help the user plan more efficiently for the current taxation year and help to prepare T4 and Relevé 1 slips for 2011.
* Important: The employer’s contribution rate to the HSF will vary between 2.70% (total payroll ≤ $1,000,000) and 4.26% (total payroll ≥ $5,000,000), depending on the total payroll of the employer and any associated employers on a worldwide basis.
The matters highlighted in this tax memo are presented in broad general terms and, of course, cannot be applied without consideration of all circumstances. The firm will be pleased to discuss with readers the possible effects in specific situations.
If you wish to print these tables, you can download the PDF here.